Thursday, 12 October 2017 | MYT 12:28 AM
Govt levies anti-dumping duties on steel from four countries
KUALA LUMPUR: The Government has decided to impose a provisional anti-dumping duties ranging from 7.27% to 111.61% on cold-rolled stainless steel (CRSS) imports from China, South Korea, Chinese Taipei and Thailand.
In a statement on Wednesday, the International Trade and Industry Ministry (Miti) said the measure would be effective not more than 120 days from Oct 12, 2017.
“The Government has completed the preliminary anti-dumping investigation concerning imports of CRSS from these countries and found that there are sufficient evidences to continue with further investigation on the importation of CRSS from the alleged countries,” it said.
Miti said the investigation had been initiated in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994 on May 15, 2017 based on a petition filed by Bahru Stainless Sdn Bhd (the petitioner) on behalf of the domestic industry producing CRSS.
It said the petitioner alleged that imports of CRSS from the alleged countries were being dumped into Malaysia at a price much lower than their domestic price, causing material injury to the industry in Malaysia. - Bernama